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Pima county arizona beneficiary deed form F. Ann Rodriguez Pima County Recorder Pima Community College is a twoyear college serving in the greater Tucson Metropolitan Area in six locations throughout.

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With a beneficiary deed, the beneficiary has no ownership interest in the property until the present owner dies. This means that the owner retains complete control of the property while he or she is living, and the beneficiary has no control over the property until the owner dies.

A transfer on death deed allows you to retain full ownership during your lifetime and conveys your full interest to the Grantee upon your death. ... Ultimately, the decision between a life estate and transfer on death deed is dependent on why you want to transfer the property.

First, the owner signs a new deed that states who she would like to inherit the real estate at her death. The new deed must be signed and recorded with the County Clerk and Recorder office in the county where the real estate is located.

An Arizona beneficiary deed for works the same way as a TOD designation on a bank account. The owner simply designates someone to inherit the property when the owner dies. During the owner's life, the owner retains complete control over the property and can revoke the beneficiary designation.

A beneficiary deed is generally used for avoidance of probate, although it may be used to remove a particular property from a probate estate.

A beneficiary deed allows for the avoidance of probate.Arizona allows for the transfer of real estate by affidavit if the equity of all the real property in the estate is not greater than $100,000.

The beneficiary deed does for real estate what the payable on death or POD designation does for a bank account. It allows the owner to designate a beneficiary for that asset and creates a method by which ownership of the asset will transfer directly to the beneficiary upon the owner's death.

Using a beneficiary deed may reduce or eliminate fees for probating the estate or managing a trust. Liens and loans. After a beneficiary deed is signed, grantors may still do what they want with the property, including selling it or mortgaging it.

When a person dies, beneficiaries might learn that the decedent made a deed that conflicts with the specific wording in his will. Generally, a deed will override the will. However, which legal document prevails also depends on state property laws and whether the state has adopted the Uniform Probate Code.

For more than a decade, Arizona has sanctioned a type of deed that allows probate-free transfers of homes and other real estate at an owner's death. These one- or two-page documents, called beneficiary deeds, are fairly simple to prepare.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232